The Goldman Sachs Group Reaffirms Buy Rating for TKO Group (NYSE:TKO)

The Goldman Sachs Group reiterated their buy rating on shares of TKO Group (NYSE:TKO) in a research report released on Thursday, Benzinga reports. The brokerage currently has a $132.00 price objective on the stock.

A number of other research firms have also recently commented on TKO. TD Cowen boosted their price target on shares of TKO Group from $127.00 to $140.00 and gave the stock a buy rating in a research note on Monday, August 12th. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $126.00 to $132.00 and gave the stock an overweight rating in a research report on Friday, August 9th. Redburn Atlantic started coverage on shares of TKO Group in a research report on Thursday, July 18th. They issued a buy rating and a $129.00 target price on the stock. UBS Group upped their target price on shares of TKO Group from $115.00 to $135.00 and gave the stock a buy rating in a research report on Friday, August 9th. Finally, Bank of America started coverage on shares of TKO Group in a research report on Tuesday, August 20th. They issued a buy rating and a $140.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, TKO Group presently has a consensus rating of Moderate Buy and an average price target of $127.13.

TKO Group Price Performance

TKO stock opened at $115.34 on Thursday. TKO Group has a 52-week low of $72.33 and a 52-week high of $120.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average price of $113.01 and a 200-day moving average price of $103.09. The company has a market capitalization of $19.68 billion, a P/E ratio of -114.20 and a beta of 1.04.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The firm had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The firm’s revenue for the quarter was up 178.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, equities analysts expect that TKO Group will post 4.17 EPS for the current year.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Several hedge funds and other institutional investors have recently bought and sold shares of TKO. Truist Financial Corp lifted its stake in TKO Group by 22.5% during the 4th quarter. Truist Financial Corp now owns 4,760 shares of the company’s stock valued at $388,000 after acquiring an additional 875 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of TKO Group by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,442 shares of the company’s stock worth $29,894,000 after purchasing an additional 55,662 shares during the period. Principal Securities Inc. bought a new position in shares of TKO Group in the 4th quarter worth approximately $342,000. Teacher Retirement System of Texas lifted its stake in shares of TKO Group by 98.3% in the 4th quarter. Teacher Retirement System of Texas now owns 11,506 shares of the company’s stock worth $939,000 after purchasing an additional 5,703 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of TKO Group in the 4th quarter worth approximately $233,000. Institutional investors own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.